What might happen if BTC runs out

What might happen if BTC runs out

By Squidy analysis | Lisra_99 | 1 Sep 2021


Bitcoin is digital gold “at least in my opinion” and has some similarities. Bitcoin is designed to have a supply of 21 Million and a systematic mining and computational rate that increases over time.

Bitcoin currently has 3.5 million pieces left to mine and it looks like it's coming to the end of BTC mining, but of course, the higher hash rate makes BTC harder to mine. as the amount of BTC mined is nearly depleted raises questions; what will happen if all the BTC is mined?

Once all the BTC has been mined, the group most affected will be the miners themselves and mining will likely remain competitive as every bitcoin transaction has a fee. Miners are likely to earn several hundred dollars per block, and this could increase to thousands of dollars as transactions multiply and bitcoin price increases.

In addition, the bitcoin protocol may change so that it is possible to increase supply or increase transaction fees.

in the future Bitcoin may not only be a means of payment but also as a hedge asset for a large entity such as a bank or perhaps a country. and regardless, when the day all bitcoins have been mined there will likely be major changes either directly or indirectly.

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Squidy analysis
Squidy analysis

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Lisra_99
Lisra_99

Cryptocurrency&ICO analysis, trader crypto, and Crypto Blogger

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